COP29 summit calls for new climate finance goal

UN Climate Change Executive Secretary emphasises need for updated global climate finance target and robust action on carbon markets

Setting ambitious objectives for the COP29 climate summit here, UN Climate Change Executive Secretary Simon Stiell on Monday emphasized the need for an updated global climate finance target and robust action on carbon markets.

Stiell's remarks came during the opening of the 29th session of the climate change conference of parties (COP29) in Baku, the capital of Azerbaijan.

India's key priorities at the conference are likely to focus on ensuring accountability for developed nations on climate finance, strengthening resilience for vulnerable communities, and achieving an equitable energy transition, experts anticipate.